What is Insurance?
Insurance is, “a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968)
An insurance policy is a contract in which an individual or entity (the policyholder) pays an insurance company (the insurer) in regular payments in exchange for financial protection over specific risks or losses. For example, medical insurance helps to cover medical costs, such as hospital visits, hospital stays, and medications. Similarly, auto insurance helps to cover damages incurred from car accidents. Insurance payments are known as premiums. Insurance contracts typically limit the amount of costs that an insurance provider may be required to pay.
The McCarran-Ferguson Act (15 U.S.C. § 1011) grants many aspects of insurance regulation to individual state governments. However, federal laws like federal taxes do apply to insurance, and must be acknowledged. Insurance is important to the legal system, as it helps protect individuals, those who cause harm to individuals through negligence, and any third party that is faced with the burden of compensating for an injury.
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How Long After a Car Accident Can You Sue in Pittsburgh?
Navigating the aftermath of a car accident can be overwhelming, especially when it comes to understanding your legal rights. You may be considering legal action but are unsure of the timeline to pursue a lawsuit. In Pennsylvania, specific laws define this period, known as the statute of limitations. Understanding this time constraint is crucial as it determines your ability to seek justice and potentially receive compensation. This article will guide you through the ins and outs of the statute of limitations for car accidents in Pittsburgh.
If you are involved in a car accident in Pittsburgh, your first action should be to contact a Pittsburgh car accident lawyer as soon as possible. Munley Law can help you with your claim and get you the compensation you deserve.
Negligence, Duty of Care, and Liability in Car Accidents
To understand car accident lawsuits, […]
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Can You Sue For A Rear-End Motorcycle Collision?
Have you ever heard the saying, “It’s better to be safe than sorry”? Well, when it comes to rear-end motorcycle collisions, that adage couldn’t be more true. Being involved in a rear-end collision on your motorcycle can be a terrifying experience, leaving you with not only physical injuries but also emotional trauma.
But what if the accident wasn’t your fault? Can you sue for a rear-end motorcycle collision?
The answer is yes, you can. In fact, if you were following the rules of the road and the other driver was negligent or reckless, you have every right to seek compensation for your damages and hold them accountable for their actions.
When it comes to rear-end motorcycle collisions, determining liability can be a complex process. However, with the right evidence and legal knowledge, you can build a strong case and increase your chances of success. […]
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Who Is Liable In A Philadelphia Idego Bikeshare Accident?
Picture this: you’re cruising down the streets of Philadelphia on an Indego bike, feeling the wind in your hair and the adrenaline pumping through your veins. Suddenly, a pedestrian steps out from nowhere, causing you to swerve and collide with a parked car.
In this scenario, who is to blame? Is it the rider who failed to react in time? Or is it the city’s responsibility to ensure the safety of its bike-sharing program?
Throughout this article, we will explore the roles and responsibilities of each party involved, shedding light on the complex process of determining liability in Philadelphia Indego bikeshare accidents. So, hold on tight as our Philadelphia bicycle accident lawyers navigate the web of responsibility and implications that arise from these unfortunate incidents.
Responsibilities of Riders in Philadelphia Indego Bikeshare Accidents
When riding in Philadelphia’s Indego bikeshare program, […]
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Carbondale Workers’ Compensation FAQs
Are you a worker in Carbondale who has questions about workers’ compensation? Look no further! This article is here to provide answers to your most frequently asked questions. Whether you’ve been injured on the job or simply want to understand your rights and protections in the workplace, our Carbondale workers’ compensation lawyers got you covered.
Question: What is Workers’ Compensation?
If you’re unsure about the ins and outs of workers’ compensation in Carbondale, you’re not alone. Many people have questions about how it works and what it covers.
Workers’ compensation benefits are designed to provide financial assistance to employees who are injured on the job or develop work-related illnesses. These benefits can include medical treatment, wage replacement, and disability payments. It’s important to understand that workers’ compensation is a no-fault system, meaning that it doesn’t matter who was at fault for the injury or illness. […]
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Can I Sue Someone Personally After A Motorcycle Accident?
Have you recently been involved in a motorcycle accident and are wondering if you can sue the responsible party personally? The answer to that question depends on several factors, but it is definitely possible to take legal action in such cases. This article will provide you with a guide on how to navigate the process of suing someone personally after a motorcycle accident.
First and foremost, it is crucial to determine who was at fault for the accident. This can be done by gathering evidence such as photographs, witness statements, and police reports. Once fault has been established, it is advisable to consult with an experienced personal injury attorney who specializes in motorcycle accidents. They will be able to evaluate the strength of your case and guide you through the legal process.
With their motorcycle accident expertise, you can ensure that you are taking the right steps towards seeking justice and fair compensation for your motorcycle accident injuries and damages. […]
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